Q2 2008 Earnings

Reported November 15, 2007

Quarter Comparison

Revenue

Operating Income

Net Margin

EPS (Diluted)

Metric	Q2 2008	Q1 2008	Q2 2007	QoQ Change	YoY Change
Revenue	$2.9B	—	$2.6B	—	12.0%
Op. Income	-$1.4B	—	-$1.3B	—	-8.8%
Net Margin	56.2%	—	15.6%	—	40.6pp
EPS (Diluted)	$6.74	—	$1.66	—	306.5%

Income Statement

Item	Amount
REVENUE	$2.9B
Cost of Revenue	$0
GROSS PROFIT	$0
R&D Expenses	$9M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$2.9B
Operating Expenses	$2.9B
Cost & Expenses	$2.9B
OPERATING INCOME	-$1.4B
Interest Income	$185M
Interest Expense	$673M
Other Income/Expenses	$1.4B
INCOME BEFORE TAX	$0
Income Tax Expense	$0
Net Income from Continuing Ops	$529M
Net Income from Discontinued Ops	$1.1B
Other Adjustments	$1.1B
NET INCOME	$1.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.6B
D&A	$0
EBIT	-$1.0B
EBITDA	-$1.0B
EPS	$7
EPS Diluted	$7

Balance Sheet

Item	Amount
Cash & Equivalents	$479M
Short-Term Investments	$2.5B
Net Receivables	$2.2B
Inventory	$906M
Other Current Assets	$2.2B
TOTAL CURRENT ASSETS	$8.3B
PP&E (Net)	$31.1B
Goodwill	$5.1B
Intangible Assets	$367M
Long-Term Investments	-$2.2B
Tax Assets	$4.2B
Other Non-Current Assets	$256M
TOTAL NON-CURRENT ASSETS	$38.8B
TOTAL ASSETS	$47.1B
Account Payables	$3.0B
Short-Term Debt	$4.1B
Deferred Revenue	$80M
Other Current Liabilities	$202M
TOTAL CURRENT LIABILITIES	$7.7B
Long-Term Debt	$21.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$4.0B
Other Non-Current Liabilities	$6.3B
TOTAL NON-CURRENT LIABILITIES	$31.9B
TOTAL LIABILITIES	$39.6B
Common Stock	$402M
Additional Paid-In Capital	$1.8B
Retained Earnings	$12.3B
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	-$7.1B
TOTAL STOCKHOLDERS' EQUITY	$7.5B
Minority Interest	$24M
TOTAL EQUITY	$7.5B
TOTAL LIABILITIES & EQUITY	$47.1B
Total Debt	$21.6B
Net Debt	$21.1B